Business Standard

Re fails to maintain initial gains, down 16 paise vs dollar

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Press Trust of India Mumbai

The rupee resumed higher at 55.33 at Interbank Foreign Exchange (Forex) market on selling of dollars by banks and exporters as the American currency weakened against euro overseas, amid a firm trend in equity market.

However, it washed out its earlier gains and fell to 55.56 per dollar at 1100hrs on fresh dollar demand from banks and importers, despite weak dollar in the overseas markets.

Meanwhile, the BSE benchmark Sensex resumed higher at 17,039.54, but fell by over 200 points after RBI decided to keep all key rates unchanged.

  

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First Published: Jun 18 2012 | 12:05 PM IST

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